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On 31 December 2018, Lanxess announced that it has completed the sale of its remaining 50 % interest in the synthetic rubber company Arlanxeo to Saudi Aramco. All relevant antitrust authorities have granted the necessary approvals for the transaction announced in August 2018, said the company.

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On 26 December 2018, the joint venture Kuraray GC Advanced Materials Co., Ltd. announced that it will invest in a butadiene derivatives plant at the WHA Eastern Industrial Estate (Map Ta Phut Complex), Rayong Province, Thailand.

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Top Glove, the world’s largest manufacturer of rubber gloves, is considering setting up a factory in Turkey which already is importing 70% of its demand for the product from the company. Founder Tan Sri Lim Wee Chai said he sounded out this possibility at a meeting with Turkish President Recep Tayyip Erdoğan in Istanbul on Saturday (29 December 2018).

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Cooper Tire & Rubber Company announced that it has agreed to form a joint venture with Sailun Vietnam Co., Ltd. to build a manufacturing plant with the capacity to produce more than 2 million truck and bus radial (TBR) tyres annually. Subject to closing and government approvals, the facility will be located near Ho Chi Minh City, Vietnam, at the site of Sailun Vietnam’s existing operations.

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TactoTek announced that Faurecia has signed a licensing agreement to design and manufacture IMSE solutions for its automotive customers.

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Magna has agreed to acquire Viza Geca SL of Spain, which operates four production facilities and had sales of EUR 125 million in 2017. The acquisition is expected to close by the end of the first quarter 2019, pending regulatory approval.

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The Pawcatuck facility of extrusion equipment specialist Davis Standard recently became ISO 9001:2015 certified. The certification validates the company’s processes across the board, internally and externally, and serves as a benchmark for the company’s commitment to operational quality and process improvement.

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Recticel announced that it has entered into final agreements whereby it will first acquire the remaining 49 % in its Proseat automotive moulded seat foam joint venture from its Canadian partner Woodbridge Foam Corporation, and subsequently sell 75 % in Proseat to Japanese public company Sekisui Plastics Co., Ltd.

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The European Diisocyanate and Polyol Producers Association Isopa and the European Aliphatic Isocyanates Producers Association Alipa announced that both organisations have officially moved to a new office building in the heart of the European Quarter in Brussels, Belgium.

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Webasto has honoured the tool, machine and plant manufacturer BBG with a Partnership Award 2018 for its outstanding partnership-based cooperation. BBG supplies Webasto production sites in Europe, Asia and America with mould carrier systems and moulds for encapsulating car roof glazing with polyurethane.

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